Marcus & Millichap recently helped close the sale of Doral Industrial, a 93,046-square-foot industrial building in Miami for $18.1 million. The buyer, a limited liability company, was secured and represented by Michael Alaoui, a senior associate in Marcus & Millichap’s Miami office. The property is located off Highway 826 near Walmart, Target and Best Buy.
“Built in 1983, Doral Industrial sits on just over 4.5 acres and consists of 26 suites,” Alaoui says. “This well-maintained asset benefits from the neighboring demographics, which include a five-mile radius population of 428,000. The building has strong visibility on highly trafficked 64th Street. Being only 13 miles from Downtown Miami, this asset and its retailers capitalize from the over 10 million visitors to Miami each year.”
